Please find attached details of change among Directors (Independent) together with relevant disclosures as well as Resignation Letter from outgoing Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prime Capital Market Ltd informed the stock exchange that Mr. Gwal Das Vyas, Non-Executive Independent Director, has resigned effective December 5, 2025, due to the natural completion of his second 5-year term. To fill the vacancy, the Board on December 27, 2025 appointed Mr. Umang Bagaria as an additional Independent Director effective December 5, 2025, for a 5-year term subject to shareholder approval via postal ballot or EGM. The new appointee is a commerce graduate with about 10 years of experience in accounting and taxation and will receive sitting fees of up to ₹5,000 per meeting. No other material reasons were cited for the outgoing director's exit.
This is a routine change at the board level with no disruption — the outgoing director completed his full tenure and a replacement independent director is already in place, so there is no material impact on shareholders or the stock price.